What Is a Fee-Based Advisor? A fee-based advisor is a finance professional who is paid by the fees they charge their clients. While they are primarily compensated through client fees, they may also ...

If a financial advisor is considered “fee-based,” it means they can earn compensation through a combination of both client-paid fees and forms of compensation related to selling certain products.

The main difference between a fee-only advisor and a fee-based advisor is how they get compensation for their services. A fee-only advisor only gets paid by clients through fees. Whereas a fee-based ...